Drought conditions and higher oil. Inflation pulled back in may 2024.
The international monetary fund welcomed the south african central bank’s efforts to rein in consumer price growth, a spokeswoman. Consumer inflation accelerates to 5,9%.
Economy 0,1% Weaker In The First Quarter.
Drought conditions and higher oil.
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The consumer price index (cpi) recorded an annual increase of 5,2% in april, down from 5,3% in march and 5,6% in february.
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In South Africa, Market Expectations On Interest Rates Show The Forward Rate Agreement Factoring In Only One 25Bps Interest Rate Cut This Year.
The current inflation rate in south africa is 5.10%, which is calculated based on cpi (consumer price index) values for the last 12 months ending in april 2024.
5.3% The Consumers Price Index (Cpi) Measures The Rate Of Price Change Of Goods And Services Purchased By.
South africa inflation rate for 2022 was 7.04%, a 2.43% increase from 2021.